Get settled sooner.

Home Equity and Second Mortgages

You've already invested in your home. It's time your home returned the favor. With a Home Equity Loan from Essential FCU, you will be able to get cash out of your home to consolidate your debts, fund a home improvement project, or for any purpose. You could get up to 95% of the value of your home!

HOME EQUITY LINE OF CREDIT

Borrow up to 95% of the value of your home

Credit Limit of up to $100,0003

Minimum loan amount $15,000

No Prepayment Penalties

Interest rate is based off the current prime rate, minus .15 with a minimum floor rate of 5.50%5

2Second Mortgage: Essential FCU will lend up to 95% of the value of the home.3Home Equity Line of Credit: Essential FCU will lend up to $100,000. Depending on the Loan-To-Value of the home.4Consult a professional tax advisor.5The Annual Percentage Yield (APY) for a Home Equity Line of Credit is .15% below Prime with a floor of 5.5%; The APY for Second Mortgages are determined by creditworthiness.